Financial and business terms. 2012.
Matching Contribution — A type of contribution an employer chooses to make to his or her employee s employer sponsored retirement plan. The contribution is based on elective deferral contributions made by the employee. Generally, the employer s contribution may match… … Investment dictionary
Nonelective Contribution — A type of contribution an employer chooses to make to each of his or her eligible employee s employer sponsored retirement plan. The contribution is not based on salary reduction contributions made by the employee. Unlike a matching contribution … Investment dictionary
Additional Voluntary Contribution – AVC — An extra allocation of funds to a retirement savings account that is above the amount that an employer will provide a matching contribution for. Additional voluntary contributions are made at the discretion of the employee and go to an employer… … Investment dictionary
Qualified Automatic Contribution Arrangements - QACAs — Also known as QACAs, these were established under the Pension Protection Act of 2006 as a way to increase workers participation in self funded defined contribution retirement plans such as 401(k)s, 403(b)s and 457(b)s. Beginning January 1, 2008,… … Investment dictionary
Actual Deferral Percentage / Actual Contribution Percentage - ADP/ACP Test — Annual non discrimination tests for 401(k) plans mandated by the IRS to ensure that a plan does not unduly benefit owners and highly compensated employees at the expense of other employees. The Actual Deferral Percentage (ADP) and Actual… … Investment dictionary
401(k) — In the United States of America, a 401(k) plan allows a worker to save for retirement while deferring income taxes on the saved money and earnings until withdrawal. The employee elects to have a portion of his or her wage paid directly, or… … Wikipedia
Superannuation in Australia — Total superannuation industry assets at the end of the financial year 1996 2006 … Wikipedia
Social Security (United States) — This article is about the retirement/disability program. For the general concept of providing welfare, see Social security. For other uses, see Social Security (disambiguation) … Wikipedia
New Pension Scheme (India) — PFRDA Logo with original colours Contents 1 Regulator 2 Coverage Eligibility … Wikipedia
Social Security Act — A law enacted by President Franklin D. Roosevelt in 1935 to create a system of transfer payments in which younger, working people support older, retired people. Under the act, the government began collecting the Social Security tax from workers… … Investment dictionary
